Virtue Capital Management LLC Purchases New Stake in Intuit Inc. $INTU

Virtue Capital Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,893 shares of the software maker’s stock, valued at approximately $522,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID raised its position in Intuit by 10.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock worth $115,000 after purchasing an additional 25 shares during the period. Sachetta LLC lifted its stake in Intuit by 33.7% in the first quarter. Sachetta LLC now owns 111 shares of the software maker’s stock worth $48,000 after purchasing an additional 28 shares during the last quarter. Stronghold Wealth Management L.L.C. lifted its stake in Intuit by 6.5% in the first quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker’s stock worth $205,000 after purchasing an additional 29 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in Intuit by 13.2% in the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock worth $67,000 after purchasing an additional 30 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. boosted its position in Intuit by 3.3% during the third quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock valued at $258,000 after buying an additional 30 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Up 3.2%

Shares of INTU opened at $352.10 on Tuesday. The stock has a market capitalization of $94.10 billion, a P/E ratio of 21.34, a PEG ratio of 1.08 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $319.08 and a two-hundred day simple moving average of $361.12. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $682.27.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were paid a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s payout ratio is 33.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTU. Susquehanna reduced their price objective on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research note on Wednesday, August 26th. Truist Financial reissued a “hold” rating and issued a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Morgan Stanley lowered their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Jefferies Financial Group dropped their target price on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. Finally, Oppenheimer reduced their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $431.55.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is owned by insiders.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.